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We inform you that we will no longer require the services of [name of company], as of [date]. With this notification, we comply with the minimum notice period required by our agreement. Your company has provided us with good service in the past, however, we decided to terminate our business contract due to [reasons].
So you could say something like, ?We are grateful for the great work you've been doing for us. Unfortunately, due to a change in circumstances, we will not be needing these services anymore. We are sorry to see you go, but you will be the first person we will call should we need these services again.?
The most common way to terminate a contract, it's just to negotiate the termination. If you want to get out of a contract, you just contact the other party involved and you negotiate an end date to that contract. There may be a fee to pay for cancellation. You might want to offer some type of consideration to cancel.
I trust this message finds you well. We are writing to inform you that, effective [Last Date of Contract], your services will no longer be required by [Your Company Name]. Our collaboration with you has been valued, but due to [Reasons for Termination], we have made the decision to conclude our working relationship.
Dear [Name of Recipient], We write to inform you that [Company] will no longer be requiring your services effective, [Date]. Please note, with this notification, we are complying with our agreement and providing you adequate time to process this and finalize any outstanding matters.